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HBG Reports Half Year Sales Down 7.8%
A decline in Hachette's 2015 half year sales reflect continuing challenges from a slowdown in e-book sales stemming from its 2014 battle with Amazon over sales terms.
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PRH Adds 24 Million Pounds to Pearson Profits
Penguin Random House contributed 24 million pounds in operating profit to Pearson in the first half of 2015, up from 18 million pounds in the same period in 2014.
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Amazon Media Sales Fell in Quarter
Although total Amazon sales rose 20% in the second quarter of 2015, sales in the media group, where book and e-book sales are reported, fell 2.6%. The decline was due to foreign exchange fluctuations which dropped international media revenue.
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Slimmer Scholastic Reports $15 Million in Profits
Scholastic reported revenue of $1.63 billion in the fiscal year ended May 31, 2015. The company reported earnings from continuing operations of $15.5 million, compared to $13.3 million in fiscal 2014.
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Direct Sales Drive Educational Development Corp.
Educational Development Corp. added 1,862 home sale reps in the first quarter, helping to drive a 59% jump in sales in the home business division.
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E-book Sales Dropped in First Quarter
E-book sales in the adult and children's/young adult categories fell a combined 8.1% in the first quarter of 2015 compared to the first period of 2014, according to AAP's StatShot program,
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Industry Stocks: June Performances
The Publishers Weekly Stock index fell 1.1% in June, a slightly better performance than the Dow Jones Industrial Average, which dropped 2.2% in the month.
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Sales Slipped, Earnings Dropped at Cengage
Cengage Learning reported sales of $1.71 billion in the fiscal year ended March 31, 2015, down 2.2% from fiscal 2014. Earnings declined in the year with adjusted EBITDA falling to $593.2 million from $622.4 million in fiscal 2014.
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AAP Monthly StatShot, February 2015
Sales in the children’s/young adult category fell 32.1% in February 2015 compared to last February, according to figures released by the AAP as part of its StatShot program.
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The Verdict on 2014: Sales up 4.6%
Last week, the Association of American Publishers released its final sales estimates for 2014, putting a wrap on industry data for the year.
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Industry Sales Rose 4.6% in 2014
Total sales in the U.S. book publishing industry rose to $27.98 billion, according to figures released by the Association of American Publishers. Trade sales were up 4.2%.
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Industry Stocks: May Performances
With the stock prices of 11 of the 13 companies in the Publishers Weekly Stock Index rising in May, the PWSI increased 2.6% in the month.
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Trade Sales Fell in February
Sales of adult books dropped 7.2% in February compared to February 2014, while sales in the children/young adult category fell 32.1%, according to AAP figures.
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Educational Development Corp. Has Record Year
In spite of CEO Randall White's decision to cease doing business with Amazon three years ago, sales in the company's publishing division rose 5%, while sales across the board were up 25%.
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What's Up with BAM's Stock?
Since the Anderson family made its proposal in January to buy all outstanding shares in Books-A-Million, the stock price has increased to almost 40 cents beyond the family's offer.
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Bloomsbury Makes Progress on Strategic Goals
Although sales and earnings at Bloomsbury were relatively flat for the year ended February 28, 2015 compared to fiscal 2014, the company did make progress in easing its dependence on the “traditional book market,” company chief executive Nigel Newton said.
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Slumping E-books Lead to Sales Decline at HBG
First quarter sales at Hachette Book Group USA fell 12.3% compared to the first first period of 2014. A decline in e-book sales was a major reason for the drop.
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AAP Monthly StatShot, January 2015
Sales of adult trade books rose 7.3% in January 2015, compared to January 2014, according to AAP’s StatShot program.
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Acquisition Charges Lead to Loss at Courier
Courier's net loss increased to $15.5 million from $3.4 million in last year’s second quarter due in large part to a $10 million termination fee to Quad/Graphics for calling off Quad’s proposed acquisition.
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Profits Up, Sales Down in S&S First Quarter
Simon & Schuster sales fell 5% in the first quarter ended March 31, 2015, to $145 million, but operating profit rose 9% to $12 million.
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